Range Financial Group LLC Takes Position in Wolverine World Wide, Inc. (NYSE:WWW)

Range Financial Group LLC acquired a new position in Wolverine World Wide, Inc. (NYSE:WWW) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 48,292 shares of the textile maker’s stock, valued at approximately $1,072,000. Range Financial Group LLC owned approximately 0.06% of Wolverine World Wide as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp raised its holdings in shares of Wolverine World Wide by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 994,443 shares of the textile maker’s stock valued at $13,445,000 after purchasing an additional 60,481 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in Wolverine World Wide by 40.3% during the 2nd quarter. Texas Permanent School Fund Corp now owns 97,073 shares of the textile maker’s stock valued at $1,312,000 after buying an additional 27,905 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of Wolverine World Wide during the 2nd quarter valued at $1,057,000. American Century Companies Inc. boosted its stake in shares of Wolverine World Wide by 31.2% in the 2nd quarter. American Century Companies Inc. now owns 104,942 shares of the textile maker’s stock worth $1,419,000 after buying an additional 24,969 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Wolverine World Wide by 10,607.4% in the second quarter. Federated Hermes Inc. now owns 540,402 shares of the textile maker’s stock worth $7,306,000 after acquiring an additional 535,355 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Buying and Selling at Wolverine World Wide

In related news, insider Amy M. Klimek sold 24,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total value of $529,680.00. Following the completion of the transaction, the insider now owns 20,238 shares of the company’s stock, valued at approximately $446,652.66. This trade represents a 54.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.28% of the stock is currently owned by company insiders.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock traded up $0.41 during trading hours on Tuesday, hitting $22.76. The company’s stock had a trading volume of 1,249,150 shares, compared to its average volume of 1,147,363. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.77 and a current ratio of 1.23. Wolverine World Wide, Inc. has a 12-month low of $7.87 and a 12-month high of $24.64. The business has a 50 day moving average price of $21.76 and a two-hundred day moving average price of $17.00. The company has a market cap of $1.82 billion, a PE ratio of -25.57 and a beta of 1.88.

Wolverine World Wide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 2nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, January 2nd. Wolverine World Wide’s payout ratio is presently -44.94%.

Analysts Set New Price Targets

Several brokerages have issued reports on WWW. BNP Paribas raised Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd. StockNews.com lowered shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Friday. Telsey Advisory Group reiterated a “market perform” rating and set a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. Finally, Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $29.00 in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.38.

Wolverine World Wide Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.